Corporación América Airports (NYSE:CAAP) Shares Gap Up - What's Next?

Corporación América Airports S.A. (NYSE:CAAP - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $19.34, but opened at $19.98. Corporación América Airports shares last traded at $19.76, with a volume of 35,163 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Corporación América Airports in a research note on Friday, March 14th. They set an "overweight" rating and a $22.50 target price for the company. Itau BBA Securities began coverage on shares of Corporación América Airports in a research report on Monday. They issued an "outperform" rating and a $20.40 target price on the stock.

Corporación América Airports Stock Performance

The company has a market cap of $3.17 billion, a PE ratio of 8.98 and a beta of 1.58. The stock has a 50 day simple moving average of $18.19 and a two-hundred day simple moving average of $18.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27.

Corporación América Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.12). Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. The business had revenue of $461.10 million for the quarter, compared to analyst estimates of $373.00 million. Equities analysts predict that Corporación América Airports S.A. will post 0.95 EPS for the current year.

Institutional Trading of Corporación América Airports

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of Corporación América Airports by 125.4% during the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock worth $58,000 after purchasing an additional 1,726 shares during the last quarter. Sage Investment Counsel LLC purchased a new position in Corporación América Airports during the 4th quarter worth $187,000. Verity Asset Management Inc. acquired a new stake in shares of Corporación América Airports in the 4th quarter worth $245,000. Bank of America Corp DE increased its stake in shares of Corporación América Airports by 6.6% during the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock worth $251,000 after acquiring an additional 836 shares during the period. Finally, Mariner LLC acquired a new stake in Corporación América Airports in the fourth quarter valued at about $255,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

About Corporación América Airports

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.